Latest market data

Stock search

Popular cloud -based
file hosting service Dropbox announced
today that it is renaming its business-focused offering Dropbox
for Teams to Dropbox for Business in an effort to better serve
its large and small-business customers. Dropbox also announced a
new feature that gives IT administrators more security and
management options, it says.

Dropbox says the rebranding reflects the growing number of new
features offered in the service and new customers using it.
Dropbox for Teams -- which syncs a team's work across multiple
devices and provides tools to manage employees -- first launched
in late 2011. Earlier this year, Dropbox released a new user
interface that offers IT admins more control over individual and
group activities and file-sharing capabilities.

Dropbox for Business is priced at $795 per year for five users,
plus another $125 per year for each additional user.

What's more, Dropbox announced another new feature today called single sign-on. Particularly useful
for larger businesses with more employees, single sign-on
allows individuals to sign in via a password and identity
service such as Microsoft's Active Directory, which manages
people's identities and passwords, to securely and easily
access all their business apps -- including Dropbox. Once
logged in, users won't need to sign in to Dropbox separately.
For IT managers, single sign-on "gives you complete ownership
of the authentication process and works with your company's
existing password policies," Dropbox says.

Which tools do you use for storing and sharing files
in the cloud? Leave a comment and let us know.